5850 Atlantic Ave Delray Beach, FL 33484-8429
This exceptional Delray Beach property, located at 5850 W Atlantic Ave, offers 8,867 square feet of immediately available space in a multi-tenant building. The property boasts a prime location with excellent visibility and signage opportunities on West Atlantic Avenue, a signalized intersection at Via Flora. The building itself is a Class B property, totaling 65,000 square feet, comprised of three single-story buildings constructed in 1980 and renovated in 2020. The space features a 15-foot ceiling height and is ideal for a variety of uses, currently configured as a gym. Ample parking is available with a 5/1000 ratio. The property sits on 8.5 acres of land and is zoned CG in Palm Beach County, Florida (zip code 33484). Utilities include 120/240 power. While there are no elevators, the single-story design ensures easy access. The minimum divisible space is 8,867 square feet, with a maximum contiguous space of 8,867 square feet. The building has a total of 12 suites. This is a rare opportunity to secure a significant space in a highly desirable Delray Beach location. 24-hour access is available.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Delray Beach, FLDelray Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.